StartXchange Traffic Exchange

Sunday, September 9, 2007

Pre-Paid Legal information

I recently signed up for a membership and as a Pre-Paid Legal Independent Associate.

Since then, i went through a constant roller-coaster ("what have i gotten into?"...."this will be great!"...."what have i gotten into?"...."this will be great!"....)

I have done some research on the company and have provided some links below. There are pros and cons. I tried to remain totally objective. I get uneasy when thinking about "multi-level" or "network" marketing. Many MLMs appear to be no more than pyramid schemes.


According to Wikipedia, pyramid scheme is a non-sustainable business model that involves the exchange of money primarily for enrolling other people into the scheme, usually without any product or service being delivered.

I don't believe that Pre-Paid Legal can be considered a pyramid scheme - because there is a real and to many, valuable product/service being delivered. Also, I don't believe that a pyramid scheme can stay in business for 35 years - nor can one get traded on the NYSE.

  • Pre-paid legal's Yahoo stock ticker - click
  • Article from Forbes - click
  • Some pro's and con's from CBC (Canada) - click
  • Complaints and rebuttals from Ripoff Report (virtually all of 35 complaints have a rebuttal)-click
  • Better Business Bureau listing - click

I am satisfied that I have done my homework, and am happy with my uplines. I don't believe that they have mislead me into believing that i am going to be rich tomorrow, next week - or even next month. I do believe that i can make a few hundred dollars in the next month or two, and from that we will see how it goes.

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